Ceres cycles have proven to be reliable medium term trend change indicators for the metals. There will be a gold heliocentric Ceres 36° cycle on April 30, and a silver heliocentric 72° cycle on May 2.
|4/30/2013: Gold Heliocentric Ceres 36° Cycle|
|5/2/2013: Silver Heliocentric Ceres 72° Cycle|
The metals are short term overbought and the recent plunge brought them close to important Fibonacci retracement levels ( 38.2% for gold, or ~1285; 61.8% for silver, or ~21.45) so this time period is a good candidate to see them dropping into these levels (likely breaching them briefly) and finding strong support there, at least for a while.
Notice how well silver honors its Fibonacci levels. Gold is similar.
|5/5/2013: Heliocentric Saturn-Mars Opposition and Gold Harmonics|
|5/7/2013: Heliocentric Earth-Uranus-Saturn Golden Triangle and Gold Harmonics|
I did a quick study to illustrate the importance of the Ceres cycles, and to explore the effect of silver's Ceres cycles on gold and vice versa, since the metals are clearly impacted by each other.
In the following graphs, gold Ceres cycles are shown in yellow; silver in grey. Geocentric cycles are denoted with a "G" whereas heliocentric cycle are given by their harmonic value only.
In the second set, gold's cycle was November 27, and silver's was the 29th. In this case, gold's Ceres cycle gave the best turn date for gold, and silver's gave the best turn date for silver. After seeing this I assumed this would always be the case.
However, in the 3rd set, silver's cycle was on January 6, and gold's on the 9th. In this case silver's date gave the low for both.
In the final set, gold's cycle was on March 2, and silver's on the 6th. Both dates showed up similarly for gold, but gold's date was a better indicator for silver.
In conclusion, the Ceres cycle is clearly an important trend change indicator, but we should pay attention to both gold and silver's Ceres turn dates, because either one could provide the best date for either metal.